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• The EUR/AUD steadied on Thursday as softer Australian jobs data weighed on the Australian dollar.
• Australian employment unexpectedly declined in February, signaling a possible cooling of the labor market after a strong run of gains, though the jobless rate remained low..
• Data from the Australian Bureau of Statistics on Thursday showed net employment dropped 52,800 in February, following a downwardly revised 30,500 gain in January, missing forecasts of a 30,000 increase.
• ECB President Christine Lagarde stated that a 25% U.S. tariff on European imports, along with EU retaliatory measures, could reduce eurozone growth by 0.5 percentage points in the first year.
• Immediate resistance is located at 1.7259(Daily high), any close above will push the pair towards 1.7355(23.6%fib).
• Immediate support is seen at 1.7110(38.2%fib) and break below could take the pair towards 1.6935(50% fib).
Recommendation: Good to buy on dips around 1.7200, with stop loss of 1.7130 and target price of 1.7280
